In response to trader requests,В Oanda JapanВ decided to expand its product portfolio with two more currency pairs: Turkish Lira to Japanese Yen (TRY/JPY) and South African Rand to Japanese Yen (ZAR/JPY). The brokerage, which is the Japanese subsidiary of Oanda Corporation, said that the new forex pairs are available since September.
Currently clients of OANDA have access to wide range of currency pairs (over 90), including all major pairs and crosses of major Asian currencies, such as the Hong Kong Dollar, Thai Baht, and Indian Rupee. In fact, Oanda Japan is the second major forex broker to launch trading in those two JPY Crosses lately, following Dukascopy.
Last week, OANDA announced it is enabling hedging capabilities across its in-house fxTrade, MT4 and API offerings. The brokerage also deployed aВ new trading engine, allowing up to 4 times faster execution.
Oanda Corporation was founded in Canada back in 1996, and is currently based in New York. All group companies are duly regulated by the relevant authorities in the US, Singapore, Canada, the UK, Japan and Australia.
The brokerage offers forex, CFDs trading and related services to both retail and institutional customers across three platforms: the popular MetaTrader 4 platform, its award-winning proprietary fxTrade.